Real Estate In Portland: The Highs & Lows Of The Past Decade

From RMLS™ data, I prepared charts for the past decade showing the highs and lows of the average sales price, days on the market and months of inventory in the Portland metro area from 1999-2009.

AVERAGE SALES PRICE

The first chart has the average sales price fluctuations over the past 10 years:

Average Sales Price 1999-2009 Copyright Betty Jung 2010

• Highest Average Sales Price: in 2007 @ $342,900
• Lowest Average Sales Price: in 1999 @ $188,600

Average sales prices 1999-2009:

• 1999=$188,600
• 2000=$198,600
• 2001=$201,000
• 2002=$210,700
• 2003=$222,500
• 2004=$246,000
• 2005=$282,900
• 2006=$322,600
• 2007=$342,900
• 2008=$330,000
• 2009=$247,000

DAYS ON THE MARKET & MONTHS OF INVENTORY

This next chart shows days on the market and months of inventory of houses for sale from 1999-2009:

 DOM Days on Market & Months of Inventory 1999-2009 Copyright Betty Jung 2010

• Highest #Days On The Market: 2009 (year-to-date) @ 141 days on the market
• Lowest #Days On The Market: 2005 and 2006 (year-to-date) tied @ 43 days on the market

Days On Market 1999-2009:

• 1999=74 days
• 2000=78 days
• 2001=72 days
• 2002=67 days
• 2003=63 days
• 2004=56 days
• 2005=43 days
• 2006=43 days
• 2007=58 days
• 2008=122 days
• 2009=141 days

• Highest #Months of Inventory: December, 2008 @ 14.1 months of inventory
• Lowest #Months of Inventory: June, 2005 @ 1.5 months of inventory

• Months of Inventory 1999-2009:
  • 1999=6.8 months
  • 2000=6.4 months
  • 2001=5.7 months
  • 2002=4.1 months
  • 2003=3.7 months
  • 2004=2.4 months
  • 2005=2.1 months
  • 2006=4.5 months
  • 2007=8.5 months
  • 2008=14.1 months
  • 2009=7.7 months
  In summary:
  • 2005 was a great year for sellers as there weren't enough houses for sale
  • 2009 was a good year for buyers as it had the highest months of inventory
  • 2009 wasn't a good time to sell as it took the longest time of any year in the past 10 years - 141 days on the market - to sell a home in the Portland metro area.
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